Green Economy Reaches $10 Trillion Market Value, Outperforming Broader Market
By
Derek Harrison
Summary
The green economy—companies deriving at least 20% of revenue from environmental solutions—has reached $10 trillion in market value, according to a London Stock Exchange Group report. Green revenue grew 5.3% last year, and green companies outperformed the broader market by about 12% over the past decade. If considered its own industry, the green economy would rank as the third-largest in the world.
Source
bskyGreen Economy Reaches $10 Trillion Market Value, Outperforming Broader Marketinsideclimatenews.orgKey quotes
· 3 pulledThe group of companies that derive significant revenue from environmental solutions, known as the green economy, has topped $10 trillion in market value, a new report found.
Green companies—those with at least one-fifth of their revenue coming from environmentally focused activities—outperformed the broader market by around 12 percent over the past decade.
If the green economy—defined as the group of companies heavily involved in environmental business—were its own industry, it would be the third-largest in the world.
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